Finance – Page 183
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Matthew Clark sales up 4.9% since acquisition
Matthew Clark has seen sales increase 4.9% year-on-year since it was acquired by Conviviality in October.
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Booker Group sees FY lfls fall but revenue up
Booker Group saw non-tobacco sales grow 6.3% in the year to 25 March but fall 0.3% on a like-for-like basis.
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H1 revenue up 5.1% at Britvic
Soft drinks firm Britvic has reported a 5.1% increase in revenue to £678m for the 28 weeks to 10 April
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H1 lfls down 1.6% at M&B
Mitchells & Butlers (M&B) has this morning reported an overall like-for-like sales decline of 1.6% in the six months to 9 April 2016
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NewsYoung's FY managed lfls up 5.6%
Young’s saw like-for-like sales in its managed division grow 5.6% in the year to 28 March, with total sales up 5.6%.
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NewsPeach secures £9.5m expansion fund
Peach, the Midlands based pub operator, has secured a £9.5m refinancing as it seeks to grow from 17 to 22 sites.
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NewsETI: Pubs code delay; Tenancy Plus and managed growth
Enterprise Inns chief executive Simon Townsend talks to MCA on the back of the group’s performance in the first half of this financial year.
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SABMiller FY volumes up 2%
SABMiller has reported group beverage volumes increasing by 2%, with lager volumes up 1% and soft drinks volumes up 6%, for the year to 31 March.
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SSP UK’s H1 lfls up 2.8%
SSP UK saw like-for-like sales increase 2.8% in the six months to 31 March 2016
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Sale of Wolverhampton Yates’s reflects yield of 6.9%
The investment sale of Yates’s, 34 Queen Square, Wolverhampton, saw the property sell for £3.625m to Cannon Street Capital
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NewsH1 EBITDA up 21.3% at Patisserie Holdings
Patisserie Holdings saw EBITDA in the six months to 31 March 2016 increase 21.3% to £10.6m, with revenue up 14.4% to £50m
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Pieminister secures new funding package
Pieminister is set to open five new restaurants across the UK and create more than 80 jobs after securing a £1.4m finance package
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Upham postpones IPO plans
Upham Group, the Hampshire-based brewer and pub operator, has put its plans for a stock market flotation on ice
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St Austell managed estate fuels record FY results
St Austell saw each of it managed sites record revenue in excess of £1m for the first time, as it achieved a record turnover of £137.4m for the year to 2 January.
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ETI sees free-of-tie lfls up 5.2% in H1
Enterprise Inns has seen like-for-like net income in its commercial property portfolio rise 5.2% in the six months to 31 March, with its leased and tenanted arm up 1.8%.
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British Land FY footfall up 3%
British Land has reported footfall up 3% across it estate in the year to 31 March with retailer sales growing 2.4%.
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NewsJoule’s eyes new areas in bid to reach 100
Steve Nuttall, managing director of Joule’s, has said the company is likely to look outside its traditional heartland as it eyes eventual growth to 100 sites.
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NewsZing Zing unveils rollout plan after record crowdfund
Josh Magidson, founder of Chinese delivery concept Zing Zing has told MCA he plans to open up to 13 more stores by 2020 before rolling out nationwide, after the group smashed Crowdcube’s equity raise record.
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NewsPizza Hut defers sale
Rutland Partners has deferred its sale of Pizza Hut Restaurants after deciding now is not the right time to “derive fair value” from the group’s success, MCA has learnt.
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Consumer spending continues to be weak
Consumer spending suffered a second successive weak month of growth in April, rising just 1.9% year-on-year as economic headwinds